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(16,223 posts)
Sat Jun 29, 2024, 06:21 AM Jun 2024

Child care contribution tax begins July 1

https://www.wcax.com/2024/06/28/child-care-contribution-tax-begins-july-1/
(0:29 min. video at link)

Child care contribution tax begins July 1

By WCAX News Team
Published: Jun. 28, 2024 at 6:30 AM EDT

BURLINGTON, Vt. (WCAX) - Starting on Monday, you could see a new tax listed on your pay stub.

As of July 1, employers will pay a 0.44% payroll tax on wages paid towards the Vermont Child Care Contribution tax. Employers can choose to withhold a quarter of that tax from employees.

Self-employed Vermonters will pay a 0.11% tax on self-employed income.

These changes stem from Act 76, which was passed by the legislature in 2023 with the goal of easing the state’s child care crisis.

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